Bullish Cypher pattern on Daily Chart of Relaince. BUY around 1298
Commento:
Reliance active. Heavy selling in last 15 minutes.
Commento:
Failed. Never initiate a position in last 15 minutes unless you are a risky trader or you can fathom the overnight blunders like this one. One can take BTST but they're suppose to be hunted via volumes and other stuff like that(I have no idea how to do that so I may be completely wrong here). I'm just learning so please don't message me for Target & SL. I see a pattern and I post the idea here. I wait and watch, learning the different intricacies of the market and a stock. I'll start posting Target(s) & SL once I get comfortable and confident enough to plot them out.
Commento:
This failed big time. I think I need to look out for a bigger picture here. I see some charts posted by authors here and noticed that last couple of days were good for the basic price action-support resistance players. Reliance broke a trendline here and the price speaks the rest.